KCAP Financial, Inc. is a business development company specializing in investments in debt securities portfolio, asset manager affiliates, and CLO fund securities. The firm prefers to invest in senior secured term loans, mezzanine debt, and equity securities primarily in privately-held middle market, and buyout companies. It also invests in debt and subordinated securities issued by CLO Fund Securities. The firm also makes investments in CLO Fund Securities managed by asset managers. Its investments under CLO Fund Securities comprises of minority investment in the subordinated securities or preferred stock of CLO Funds raised and managed by firm's Asset Manager Affiliates. The firm also invests in other investments such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. It also invests in first and second lien term loans. The firm also prefers to invest in secured and unsecured subordinated debt. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, real estate, educate, automotive, agriculture, aerospace/defence, packaging, electronics, finance, non-durable consumer, utilities, insurance, and food and beverage sectors. The firm typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The firm targets the companies with EBITDA between $7.5 million and $50 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners. The firm invests through its own balance sheet. KCAP Financial, Inc. was founded in August 2006 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:KCAP
CUSIP48668E10
Phone212-455-8300
Debt
Debt-to-Equity Ratio0.58
Current Ratio2.51
Quick Ratio2.51
Price-To-Earnings
Trailing P/E Ratio10.73
Forward P/E Ratio11.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$28.26 million
Price / Sales4.26
Cash Flow$0.0181 per share
Price / Cash177.62
Book Value$4.87 per share
Price / Book0.66
Profitability
EPS (Most Recent Fiscal Year)$0.30
Net Income$3.38 million
Net Margins6.71%
Return on Equity5.63%
Return on Assets3.35%
Miscellaneous
Employees26
Outstanding Shares37,360,000
Market Cap$120.66 million
KCAP Financial (NASDAQ:KCAP) Frequently Asked Questions
What is KCAP Financial's stock symbol?
KCAP Financial trades on the NASDAQ under the ticker symbol "KCAP."
How often does KCAP Financial pay dividends? What is the dividend yield for KCAP Financial?
KCAP Financial declared a quarterly dividend on Wednesday, June 20th. Investors of record on Friday, July 6th will be given a dividend of $0.10 per share on Thursday, July 26th. This represents a $0.40 annualized dividend and a yield of 12.42%. The ex-dividend date is Thursday, July 5th. View KCAP Financial's Dividend History.
How were KCAP Financial's earnings last quarter?
KCAP Financial Inc (NASDAQ:KCAP) released its earnings results on Wednesday, August, 1st. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.00. The financial services provider had revenue of $6.85 million for the quarter. KCAP Financial had a return on equity of 5.63% and a net margin of 6.71%. View KCAP Financial's Earnings History.
When is KCAP Financial's next earnings date?
What price target have analysts set for KCAP?
2 equities research analysts have issued 1 year target prices for KCAP Financial's shares. Their forecasts range from $3.00 to $3.00. On average, they anticipate KCAP Financial's stock price to reach $3.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%. View Analyst Price Targets for KCAP Financial.
What is the consensus analysts' recommendation for KCAP Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KCAP Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for KCAP Financial.
Who are some of KCAP Financial's key competitors?
Some companies that are related to KCAP Financial include Gladstone Investment (GAIN), Capital Southwest (CSWC), Arlington Asset Investment (AI), THL Credit (TCRD), Oaktree Strategic Income (OCSI), TRIPLEPOINT VEN/COM (TPVG), Safeguard Scientifics (SFE), Stellus Capital Investment (SCM), OFS Capital (OFS), Capitala Finance (CPTA), Garrison Capital (GARS), CM Finance (CMFN), Amern Cap Sr Fl/COM (ACSF), Elron Electronic Industries (ELRNF) and Firsthand Technology Value Fund (SVVC).
Who are KCAP Financial's key executives?
KCAP Financial's management team includes the folowing people:
- Mr. Dayl W. Pearson, Pres, CEO & Director (Age 64)
- Mr. Edward Udall Gilpin, Sec., Treasurer & CFO (Age 57)
- Mr. R. Jon Corless, Chief Investment Officer (Age 66)
- Mr. Daniel Patrick Gilligan, Interim Chief Compliance Officer, VP & Director of Portfolio Admin. (Age 45)
- Mr. John S. Kim, Managing Director
Has KCAP Financial been receiving favorable news coverage?
News articles about KCAP stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KCAP Financial earned a media and rumor sentiment score of 0.24 on Accern's scale. They also assigned news coverage about the financial services provider an impact score of 45.69 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for KCAP Financial.
Who are KCAP Financial's major shareholders?
KCAP Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Private Management Group Inc. (6.88%) and Private Management Group Inc. (6.88%).
Which institutional investors are buying KCAP Financial stock?
KCAP stock was acquired by a variety of institutional investors in the last quarter, including Private Management Group Inc. and Private Management Group Inc..
How do I buy shares of KCAP Financial?
Shares of KCAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KCAP Financial's stock price today?
One share of KCAP stock can currently be purchased for approximately $3.22.
How big of a company is KCAP Financial?
KCAP Financial has a market capitalization of $120.66 million and generates $28.26 million in revenue each year. The financial services provider earns $3.38 million in net income (profit) each year or $0.30 on an earnings per share basis. KCAP Financial employs 26 workers across the globe.
How can I contact KCAP Financial?
KCAP Financial's mailing address is 295 MADISON AVENUE 6TH FLOOR, NEW YORK NY, 10017. The financial services provider can be reached via phone at 212-455-8300.
MarketBeat Community Rating for KCAP Financial (NASDAQ KCAP)
MarketBeat's community ratings are surveys of what our community members think about KCAP Financial and other stocks. Vote "Outperform" if you believe KCAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KCAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
